3 Big Things I Learned About the State of Technology in China
I recently went on a trip to China (specifically, Shanghai and Shenzhen, China's burgeoning tech center located just across the border from Hong Kong) where I got to see and experience some of the latest technological innovations being implemented in the world's second-largest economy. In many areas, China has leapt ahead of the U.S. and other Western countries, having taken advantage of its massive domestic user base to create new technologies, services and business models. While some of these models are replicable in the West, many are unique to the Chinese market, with some observers noting that there exist almost two different massive internets in the world -- one in the U.S. and one in China -- which has a host of implications for investors. Here are some of the top things I observed and learned on bathtub my trip: You often hear about how far ahead China is when it comes to digital/mobile payments and I can attest that that's true. Using physical money is rare, and...